Consorsbank is a brand of ''

BNP Paribas BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris (BNP, "National Bank of Paris") and Paribas, formerly known as the Banque de Paris et des Pays-Bas. The full name of the grou ...

S.A. Niederlassung Deutschland'' with its seat in

Nürnberg Nuremberg ( ; german: link=no, Nürnberg ; in the local East Franconian dialect: ''Nämberch'' ) is the second-largest city of the German state of Bavaria after its capital Munich, and its 518,370 (2019) inhabitants make it the 14th-largest ci ...

Activities

As a

direct bank A direct bank (sometimes called a branch-less bank or virtual bank) is a bank that offers its services only via the Internet, email, and other electronic means, often including telephone, online chat, and mobile check deposit. A direct bank has no ...

, Consorsbank offers its full range of products online. They include a

current account Current account or Current Account may refer to: * Current account (balance of payments), a country's balance of trade, net of factor income and cash transfers * Current account (banking) A transaction account, also called a checking account, ch ...

, with two free

debit card A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term '' plastic card'' includes the above and as an identity document. These are similar to a credit card, but u ...

s (one

V PAY V Pay is a Single Euro Payments Area (SEPA) debit card for use in Europe, issued by Visa Europe. It uses the EMV chip and PIN system and may be co-branded with various national debit card schemes such as the German Girocard or Italy's PagoBan ...

and one

Visa Debit Visa Debit is a major brand of debit card issued by Visa in many countries around the world. Numerous banks and financial institutions issue Visa Debit cards to their customers for access to their bank accounts. In many countries the Visa Debit ...

card). Customers can additionally request for a yearly fee a

Visa Visa most commonly refers to: *Visa Inc., a US multinational financial and payment cards company ** Visa Debit card issued by the above company ** Visa Electron, a debit card ** Visa Plus, an interbank network *Travel visa, a document that allows ...

credit card A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...

(Visa Card Gold), which offers them

credit Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt) ...

and additional benefits such as free ATM withdrawals and payments worldwide, mobile phone insurance and travel insurance. Consorsbank's

saving Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recur ...

products include a money market account, saving plans and time deposits. Additionally Consorsbank offers an online trading platform that lets them trade on financial products from various global markets.

History

In December 2014

Cortal Consors Cortal Consors SA was a European broker in personal investing and online trading. Formed by a merger of French company Cortal and German company Consors, they launched a 2003 rebranding campaign. Cortal Consors was a subsidiary of BNP Paribas.Plu ...

Germany was rebranded as Consorsbank. In November 2016 it absorbed DAB Bank that BNP Paribas had acquired in 2014 with all customer accounts being transferred to Consorsbank.

External links

Official Website

References

Banks of Germany {{bank-stub